CBSE 10 Result

Importance of India enhanced by dynamic foreign policy

Prime Minister Narendra Modi had addressed a program some time ago and said that the country’s foreign policy is guided by national interest and India’s voice is being heard on international forums. India’s foreign policy is such that keeping a global balance is emphasized to make better relations with all countries. India has been negotiating various issues with different countries in different areas from time to time. Recently, India has made several agreements on different subjects with different countries.

India-France MoU in the field of innovative and renewable energy

Under this MoU, the aim of India and France is to establish a solid foundation for ensuring cooperative institutional relations to promote technical bilateral cooperation on issues related to renewable and renewable energy based on mutual benefits, equality and reciprocity. Apart from this, the Joint Working Group related to research, projects run on pilot basis, capacity building program, study tour, case study and sharing of experience and expertise will be covered under the technical cooperation.

India-Denmark Agreement on Maritime Issues

This agreement will facilitate the identification of areas of maritime cooperation between the two countries. Helping cross-border cooperation and investment between India and Denmark’s maritime areas is an important part of this agreement. In this agreement, provision has been made to exchange experts, publications, information, data and statistics to improve the mutual capabilities of the two countries to ensure better quality. Apart from this, the agreement will enable the shipping of Green Sea Technology and Shipbuilding, to provide the Shipping Registrar of India the status of recognized organization and to cooperate in the field of maritime training and education. With this agreement, research and development will also get momentum for continuous cooperation in the area ofmerchant shipping and marine transport related matters.

India-Japan bilateral exchange system

An agreement has been reached for the Bilateral Swap Agreement between India and Japan. For this, the Reserve Bank of India was authorized to sign the contract for the bilateral exchange arrangement between Bank of Japan and the Reserve Bank of India. This exchange arrangement is an agreement between India and Japan for necessary exchange and remittance of US $ 75 billion in domestic currency with the aim of maintaining reasonable levels of balance of payments to meet short-term shortage in foreign exchange.

Under the bilateral exchange system, the strategic objective of helping each other during difficulties will be met. With this facility, the funds will be available to India immediately for use. This system will improve the prospects of foreign capital withdrawal for Indian companies as there will be more stability in the country’s exchange rate. With the availability of such exchange arrangements in dealing with the difficulties arising in Balance of Payment, the pressure on the domestic currency will be reduced and the capacity of the Reserve Bank of India will increase in dealing with the exchange volatility.

India-Japan MoU on the Advance Model Single Window Development

The development of ‘Advanced Model Single Window’ for the necessary administrative procedures for this business related work and the implementation of this by the Central and State Governments in this MoU will ensure cooperation between India and Japan. In addition to this, the cooperation between the two countries will also be possible for the development of such a structure in which these procedures will be completed in a quick manner. This will speed up the efforts of India to promote ‘ease in business’ in the country. ‘Advanced Model Single Window’ is based on the best practices or practices being adopted in India and beyond. There are also measurable scales or criteria, and this will identify the possible obstacles in the way of setting up a single window in India. Therefore, it will be convenient to invest in it.

The introduction of the Sino-Indian Digital Collaboration Plaza-SIDCOP, an initiative launched by Indian IT companies and Chinese enterprises to bring each other closer to artificial intelligence based on single platforms. . It is a partnership of the National Association of Software and Services Companies-NASSCOM, along with the Guiyang and Dalian municipal governments (Guiyang and Dalian). The joint venture of an Indian and a Chinese company has been entrusted with the responsibility of operating this platform.

Significantly, Indian IT enterprises are known throughout the world for their expertise in transforming business and adapting operations by using various IT tools in a complex business environment. Indian IT enterprises have a long list of international customers, with the help of Indian IT enterprises have helped tremendously in changing their business and changing times. SIDCOP is a borderless marketplace, which is providing opportunities to Chinese enterprises to help them to adapt their operations and to adopt the best industrial practices or practices in business related solutions. This platform can be used to connect with India’s top Solution Providers and to help the Chinese enterprises to get the services of suitable solution providers for their projects.

It can be said that India’s foreign role in foreign countries has been expanded more than ever before under the current government’s foreign policy. In addition, the role of cultural diplomacy increased and India showed more activism in using common interests for its benefit. India’s foreign policy has not been behind in stepping up with changes in geo-political mobility. It is a direct example of easing relations with Russia and the US.

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